Intro Bus & Tech: Unit 1 Review

Your credit score has no impact on the interest rate you receive from lenders.

Which of the following is NOT a piece that determines your credit score?

Things that you might wish to have, but not having them will not threaten your existence.

Using the budgeting process will help you achieve your goals.

What can setting SMART goals NOT help you with?

Your report score can even affect your ability to secure housing.

Which of the following is NOT something to consider when deciding on whether to buy a new or used car?

Which of the following should be a top priority?

We are constantly presented with opportunities to spend our money.

When you have a general sense of when your goal should be achieved, there is no need to create a specific time frame.

A useful way to set goals and push yourself towards achieving them.

Buying a new car is tempting because it is under contract.

By paying into your savings first, you are establishing an intelligent habit.

The M in SMART goals stands for ___?

Which of the following is NOT a financial literacy topic?

People often define their needs and wants based on their values.

It is easy to save money just by putting away what is left over after you pay your living expenses.

Financial plans make it easier to achieve goals and make important decisions in your life.

Having a strong background in financial literacy will help you navigate important decisions.

Buying a used car can be a better choice because of the cheaper maintenance cost.

When your budget is realistic, you will have a plan to afford the things you want and need.

The R in SMART goals stands for ___?

Consider the pros and cons to each option and the consequences.

An estimate of income and expenses for a specific period of time.

When you pay yourself first, you are creating financial stability.

Which of the following is NOT a decision that financial literacy will help you make?

The decision-making process guides the overall management of your finances.

Understanding how outside factors affect your spending & saving habits will help you control where your money is going.

Video games and smartphones are examples of needs.

A numerical summary of the information contained in your credit report.

When your goal is reasonable and reachable, that means that it is measurable.

A goal you plan to achieve over a longer period of time.

Which of the following is NOT a new opportunity you will soon have?

Your friends have no influence on your spending values.

The S in SMART goals stands for ___?

Something you strive to achieve over a certain amount of time.

Which of the following is NOT a step in the decision-making process?

With every decision to spend money comes a consequence.

Which of the following do you need to be when planning your financial future?

A goal you expect to achieve in the near future.

Things that are essential, regardless of your financial status.

Which of the following are the two important financial planning strategies?

The T in SMART goals stands for ___?

The A in SMART goals stands for ___?

You still have plenty of time before you need to start worrying about your financial future.

Setting SMART goals helps give you a clearer vision of your future.

There are many factors that shape a person’s values and influence their financial goals.

There is a greater chance of success when the goal is general rather than specific.

Having the knowledge, skills, and confidence to make responsible decision with your money.

Budgets help you live within your means by avoiding spending more money than you earn.